Patrick Dillon - Dec 17, 2021 Form 4 Insider Report for TuSimple Holdings Inc. (TSP)

Role
Chief Financial Officer
Signature
/s/ Laura Donald - Attorney-in-Fact
Stock symbol
TSP
Transactions as of
Dec 17, 2021
Transactions value $
-$85,865
Form type
4
Date filed
12/21/2021, 08:21 PM
Previous filing
Dec 17, 2021
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSP Class A Common Stock Options Exercise +3.75K +50.71% 11.1K Dec 17, 2021 Direct F1
transaction TSP Class A Common Stock Sale -$30.5K -972 -8.72% $31.34* 10.2K Dec 20, 2021 Direct F2, F3
transaction TSP Class A Common Stock Sale -$12.9K -405 -3.98% $31.84* 9.77K Dec 20, 2021 Direct F2, F4
transaction TSP Class A Common Stock Options Exercise +3.75K +38.39% 13.5K Dec 20, 2021 Direct F1
transaction TSP Class A Common Stock Sale -$25.2K -756 -5.59% $33.32* 12.8K Dec 21, 2021 Direct F2, F5
transaction TSP Class A Common Stock Sale -$17.3K -509 -3.99% $34.01* 12.3K Dec 21, 2021 Direct F2, F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TSP Restricted Stock Unit Options Exercise -3.75K -7.14% 48.8K Dec 17, 2021 Class A Common Stock 3.75K Direct F7
transaction TSP Restricted Stock Unit Options Exercise -3.75K -7.69% 45K Dec 20, 2021 Class A Common Stock 3.75K Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received Restricted Stock Units ("RSUs") that represent a contingent right to receive one share of Class A Common Stock for each RSU upon the satisfaction of applicable vesting conditions. The shares were issued pursuant to vested RSUs.
F2 The sales reported represent shares of Class A Common Stock required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. These sales are mandated by the issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $30.78 to $31.66, inclusive. The Reporting Person undertakes to provide to the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in footnotes 3 to 6 of this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $31.75 to $32.02, inclusive.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of 32.75 to $33.74, inclusive.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices within the range of $33.75 to $34.21, inclusive.
F7 The Reporting Person was granted RSUs which represent a contingent right to receive one share of Class A Common Stock for each RSU. The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a four-year period. 25% will vest on December 15, 2021 and 6.25% of the RSUs shall vest each quarter thereafter, subject to the Reporting Person's continuous service with the issuer.